Raising money isn’t easy. In fact, starting a successful business isn’t easy full stop. If you’ve got an idea, chances are you’re going to need some financial assistance to turn that idea into a reality. Enter venture capitalism. Jeff Maynard, the developer behind Entrepreneur, lends his personal experience in start-ups, equity raising (to the tune of $100M), mergers & acquisitions to this iPhone guide to getting your idea off the ground.
Would your idea pass the “Elevator Test”? Entrepreneur helps you to refine your pitch and is a great aid in the development of your overall business plan. Entrepreneur has 6 main sections:
- Quick Start
- Be Yourself
- The Business
- Going Forward
The Entrepreneur “Quick Start” introduces you to the top six fund-raising tips, while “The Business” is the real heart of this app. This section runs through exactly what a business plan should include – with explanation of the 13 areas of a business plan, with attention paid to specifics such as mission and vision, market competition, scalability, financial, team, risks and more.
Entrepreneur also features a comprehensive glossary of terms (120+ terms) – defining common words and acronyms that one will come across when attempting to float a company or an idea to a business-savvy audience. In addition, there is a lot of personal advice from the developer – a favorite quote of mine from the app; “Don’t be put off by rejections – if the idea is good and the team is seen to be capable of delivering, someone will back you.”
Entrepreneur highlights the fact that investors put their money into people, not technology – so do yourself a favor and make an investment in your own knowledge and preparation.
Entrepreneur requires the iPhone OS 3.0 or later and is compatible with both the iPhone and the iPod Touch.